ZIM Integrated Shipping Services Ltd. $ZIM Shares Bought by Aquatic Capital Management LLC

Aquatic Capital Management LLC raised its holdings in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) by 40.5% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 428,567 shares of the company’s stock after buying an additional 123,451 shares during the period. Aquatic Capital Management LLC owned approximately 0.36% of ZIM Integrated Shipping Services worth $5,807,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of ZIM. Royal Bank of Canada increased its position in shares of ZIM Integrated Shipping Services by 8.2% during the first quarter. Royal Bank of Canada now owns 40,827 shares of the company’s stock worth $596,000 after acquiring an additional 3,102 shares during the period. NewEdge Advisors LLC purchased a new position in ZIM Integrated Shipping Services in the first quarter valued at $210,000. Goldman Sachs Group Inc. boosted its holdings in ZIM Integrated Shipping Services by 20.1% in the first quarter. Goldman Sachs Group Inc. now owns 4,720,986 shares of the company’s stock valued at $68,879,000 after purchasing an additional 788,514 shares during the period. Envestnet Asset Management Inc. grew its stake in ZIM Integrated Shipping Services by 6.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 13,786 shares of the company’s stock worth $222,000 after purchasing an additional 776 shares in the last quarter. Finally, Allworth Financial LP grew its stake in ZIM Integrated Shipping Services by 230.6% during the 2nd quarter. Allworth Financial LP now owns 3,637 shares of the company’s stock worth $59,000 after purchasing an additional 2,537 shares in the last quarter. Institutional investors and hedge funds own 21.42% of the company’s stock.

ZIM Integrated Shipping Services Trading Down 1.0%

NYSE ZIM opened at $26.72 on Tuesday. The firm’s fifty day moving average price is $24.59 and its 200 day moving average price is $19.21. ZIM Integrated Shipping Services Ltd. has a 12 month low of $11.03 and a 12 month high of $29.97. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.23 and a quick ratio of 1.15. The company has a market capitalization of $3.22 billion, a price-to-earnings ratio of 6.71 and a beta of 1.56.

ZIM Integrated Shipping Services (NYSE:ZIM) last released its quarterly earnings data on Monday, March 9th. The company reported ($0.58) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.01) by $0.43. ZIM Integrated Shipping Services had a net margin of 6.94% and a return on equity of 9.33%. The company had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.54 billion. On average, sell-side analysts expect that ZIM Integrated Shipping Services Ltd. will post 16.75 earnings per share for the current fiscal year.

ZIM Integrated Shipping Services Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Friday, March 20th will be paid a dividend of $0.88 per share. The ex-dividend date is Friday, March 20th. This represents a $3.52 dividend on an annualized basis and a yield of 13.2%. This is a boost from ZIM Integrated Shipping Services’s previous quarterly dividend of $0.31. ZIM Integrated Shipping Services’s dividend payout ratio (DPR) is 1.51%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on ZIM. Barclays lifted their price objective on ZIM Integrated Shipping Services from $13.70 to $15.80 and gave the company an “underweight” rating in a research note on Monday. The Goldman Sachs Group restated a “neutral” rating and set a $21.00 target price on shares of ZIM Integrated Shipping Services in a research note on Wednesday, January 14th. Wall Street Zen raised shares of ZIM Integrated Shipping Services from a “sell” rating to a “hold” rating in a report on Friday, November 28th. Weiss Ratings downgraded shares of ZIM Integrated Shipping Services from a “buy (b-)” rating to a “hold (c-)” rating in a research note on Tuesday, March 10th. Finally, Jefferies Financial Group boosted their price target on shares of ZIM Integrated Shipping Services from $15.00 to $20.00 and gave the stock a “hold” rating in a report on Monday, December 8th. One analyst has rated the stock with a Strong Buy rating, five have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, ZIM Integrated Shipping Services has an average rating of “Reduce” and an average target price of $17.48.

About ZIM Integrated Shipping Services

ZIM Integrated Shipping Services Ltd. (NYSE: ZIM) is a global container shipping company specializing in the transportation of dry cargo, refrigerated goods and special project cargo. The company operates a modern fleet of container vessels that call at major ports worldwide, offering scheduled liner services and tailored logistics solutions to exporters, importers and freight forwarders.

Founded in 1945 in Haifa, Israel, ZIM has grown from a regional carrier into a worldwide operator through a series of strategic partnerships, fleet expansions and network enhancements.